Ryanair reports record €2.26bn profit but Iran uncertainty stalls growth

'We've delivered a record year, record traffic, record profits'

Ryanair chief executive Michael O'Leary. The airline reported an after-tax profit of €2.26bn for the year that ended in March,

Ryanair on Monday warned that consumer anxiety surrounding the US-Israeli war on Iran is likely to wipe out any growth in fares in the peak summer months, but the threat of fuel shortages is receding as suppliers adapt to the closure of the Strait of Hormuz.

The comments came as Europe's largest airline by passenger numbers reported a record profit for the fiscal year that ended in March, slightly ahead of analyst expectations.